They must be joking.
The board awards a mass of 3.8c shares to themselves and chosen insiders - and now expect shareholders to vote in favour of this blatant wealth transfer and unfair dilution.
Such a deeply discounted share offer must be pro-rata to all shareholders or not at all.
Fortunately the subscribers for these 3.8c shares don't get a vote so there's an excellent chance of it being voted down.
Vote 'NO' to all resolutions.
voting 'no' to all resolutions
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $423.1M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $357.1K | 1.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PDI (ASX) Chart |